Toronto Sunnybrook Plaza Redevelopment | 56.92m | 16s | RioCan | Turner Fleischer

From the weekend:

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420 units is an adequate density. It's less than half what is being proposed on the other side of Bayview. I don't see proposed plan being built
 
George1973 said:
Today's article in Leaside Life on Sunnybrook Plaza - https://leasidelife.com/leasides-become-a-demolition-derby/

Looks like Concert is contemplating revisions to the originally approved plans
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First, TY for linking to this piece.

Second, the most pertinent bit is at the end.

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In respect of the above. I'd certainly like to see them return to rental as the basis of the project, incentives for same are now materially better than they were the last time rental was contemplated here.

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In respect of a project, at currently approved density being non-viable, I don't accept that. I fully understand why they would like more, and the change in what's proposed in the area would certainly suggest they have a reasonable chance of getting more.

That said, the land is a fixed cost on the books, rents and condos have both risen in price relative to pre-pandemic times. The former more than the latter. I fail to see how one could not make money building what's proposed, given that the prices/rents can be re-set.

However, I accept that they would probably be leaving money on the table.

They may wish to consider, though, that the property's retail rental income has now dried up, and the asset is stranded largely because of endless dithering.

At some point, if you can't get a project off the ground in more than 5 years, its not on the weather, the government, the market, or anyone but you. You keep running into changing circumstances, because you keep not moving forward when you have the chance to do so.

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The LPOA will hate this one being taller, but they are well aware the writing is on the wall, given the relatively cozy treatment here by Concert, I would expect them to extract additional community benefit and live with a material increase here.
 
A no brainer to go for higher density here, especially as more recent new proposals for the area are now up to the 35 to even 46 storey range. Being right at the Bayview & Eg intersection and across the street from the Crosstown station entrance(s), this should aim for those levels of density too.
 
ProjectEnd said:
Have I got news for you...
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You're saying these won't be upzoned to something, unfortunately, similar to what has been proposed across the street? I don't see the appeal of the tall towers with minimal spacing across the street versus the plan here. I lived in my shared of tall towers with the advantage of wide suite layouts, great urban or panoramic views, and sufficient number of elevators per 100 homes. It makes my interpretation of the above post biased that not a lot of consideration is given to the occupiers of these proposed buildings when talking about clustering highly dense tall towers around subway stations. These densities do fill subways proving the capital investment in building Line 5
 
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